Posts tagged ‘Belarus’

Thursday, August 3, 2017

Sino-Belarusian Cooperation: Many warm encouraging words

Links within blockquotes added during translation – JR

Deputy Head of the Belarus President Administration Nikolai Snopkov called on the Chinese business to adopt a more active position on the matter of establishment of joint ventures in Belarus during the negotiations with a Chinese delegation led by Xiao Yaqing, Chairman of the State-owned Assets Supervision and Administration Commission at China’s State Council on 1 August,

the Belarusian Telegraph Agency reported on Tuesday. If you go by the way the newsagency quoted Snopkov, he struck a self-assured tone:

I believe that the corporations attending the current meeting that are discussing projects with Belarus will take an active position on the matter of setting up joint ventures in Belarus. We have heard many warm encouraging words from Belarus President Alexander Lukashenko. I think this will give an impetus to the effort to implement the most effective projects in the shortest possible time.

The Belarusian administrator also referred to the platform for his country’s cooperation with China, the Belarus-China industrial park Great Stone (aka China-Belarus Industrial Park).

A leaflet from the industrial park’s administration explains Belarus’ relevance for the Chinese “One-belt-one-Road Initiative” as seen from Minsk:

The Republic of Belarus borders with the European Union and Russia, and is a trade corridor between the Europe Union and the EAEU.

Snopkov also mentioned the role of “powerful effective competitive state-run corporations”. Minsk and Beijing appear to agree that state-owned enterprises should continue to play an important role in their economies. In its July-22 edition, the Economist noted*) that

Strengthening the SOEs is consistent with Mr Xi’s belief in tighter state control of just about every aspect of society. A regulatory clampdown on bank lending to big companies, for example, is a way not just to clean up shadowy fnancial practices but to influence how private firms spend their cash.

Belarus’ president Alexander Lukashenko, himself a leading expert for everything from nookies for the motherland and delivery times to potatos and military technology, would hardly disagree.

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Note

*) Much, but not all of the “Economist” article can be found in this English lesson on the Sohu platform.

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Related

Gratuitous military assistance, BelTa, June 21, 2017

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